Nothing to add here this is just 101 technical analysis. Breaking 50D MA is a bearish sing. We still have higher lows which tills us that up trend is still ON.
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We broke our "Major" trend line, not a good sing here our next legitimate target is 15.68 which is our last major low. Stock markets could/might/will see a bullish move form here on for a while !!!
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We broke and we touched the 15.68 area the Power of tech analysis.